Spain bonds continue to drop

Source: Bloomberg
Spain bonds dropped one more day after Fitch Ratings agency announced that government led by Prime Minister Mariano Rajoy will fail to reach budget deficit targets. The yield of a 10 year government debt increased by 17 basis points reaching 6.68%. The spread against German bunds increased by 9 basis points and reached 5.29% by 2 a.m. GMT. European commission forecasts 6.4% and 6.3% Spanish budget deficit for 2012 and 2013, respectively.
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Tue, 12 Jun 2012 15:38:39 GMT

Hang Seng index follows downward trend in Asian markets

Hong Kong's main stock index followed US and Asian market trend on Tuesday weighed down by concerns over Spain's ability to halt its debt. Hang Seng index deteriorated 0.43% or 81.07 points and ended at 18,872.56. Technology sector performed worst, giving up 2.4%. Financial shares and resource stocks sent the index lower. Tencent Holdings dropped 2.4% and China Resource Power

Tue, 12 Jun 2012 18:57:39 GMT

U.K. stocks gain on miners

U.K. markets edged higher during a choppy session this Tuesday on the growth of miners. The FTSE 100 index rose 0.5 per cent to 5,461.78, while Barclays retreated 1.7 per cent and Lloyds Banking Group PLC slumped 1 per cent.

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